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Interactive Brokers (IBKR), IBKR users, welcome!
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adam1190
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 Mar 8 2022, 07:24 PM
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QUOTE(Ramjade @ Feb 17 2020, 07:15 PM) What trouble? Send money to SG using click of mouse button. Money appear like 30-2h later. Rate is as good as money changer. Form there do a IBFT like transfer into IB. Money appears like in 10-20minutrs if office hours. Then convert SGD at spot rate (real freaking exchange rate) at USD2/exchange. My overseas commission is basically USD1.xx-2.xx/transaction. My money is one way ticket.he doesn't get converted to RM. It stays as foreign currency. Can if you are using margin. Otherwise topup first then only can buy. Of course I have thought about it. Hence eI only transferred money into IB when there are things to buy. Otherwise keep in high yield account in SG or MMF. Of course SG account give like 1.xx% interest. Can't compare with Malaysian interest. But you can't compare depreciation of RM vs SGD too. Does interactive brokers pays any interest for those uninvested balance in the account? |
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adam1190
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Jun 18 2022, 10:35 AM
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QUOTE(dwRK @ Jun 16 2022, 09:13 AM) ex date will have div entry in portfolio... clear to cash 1-2 days after payment The cash will be inside IBKR account right or it will be cashed out to our bank account? Sorry I am new to this. |
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adam1190
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Jun 25 2022, 02:26 PM
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QUOTE(bcombat @ Jun 23 2022, 11:31 PM) Just try. It is more strait forward and charges about the same as CIMB sg + Wise. A little small disadvantage is that Wise is taking longer to process the transaction if transfer to IBKR ACH How long does it take for the fund to appear in IBKR account for wise transfer? |
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adam1190
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Jul 16 2023, 11:02 AM
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QUOTE(TOS @ Apr 9 2022, 06:45 PM) Assuming you are MY tax resident: For US, you should have signed the W-8BEN form (when you open your IB account). So 30% WHT is already automatically deducted by IBKR before the dividend is credited to your IB cash balance. You don't need to declare any capital gains and dividend incomes (whether in the form of stocks or cash) to MY government. Hi even though our gain is not taxable by Malaysian government, so we still need to declare this as non taxable when we file our income tax return every year? Thanks  |
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adam1190
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Aug 31 2024, 03:17 AM
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QUOTE(sp3d2 @ Feb 13 2024, 05:59 PM) It seems moneymatch is only for MYR to SGD. No option for SGD to MYR in moneymatch. Really ? I thought can transfer the currency in both directions ? |
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adam1190
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Aug 31 2024, 01:33 PM
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QUOTE(sp3d2 @ Aug 31 2024, 09:21 AM) Try it yourself and update us here Haha means cannot, thought moneymatch can be like wise where we can transfer from both directions |
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adam1190
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Sep 1 2024, 08:31 PM
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QUOTE(Kamina51 @ Jul 30 2024, 08:32 PM) Anyone else cant withdraw from IBKR to Wise because the wise doesnt have USD account? I converted my USD in IBKR to GBP and I can withdraw from that. Havent gotten the money yet though even though money left IBKR ady Is it solved now as usd bank details are not available |
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adam1190
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Sep 1 2024, 09:15 PM
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QUOTE(TOS @ Aug 29 2024, 10:03 AM) Wow IBKR coming to Malaysia! Nice info there. Best of all, can convert MYR to other currencies with low spreads lol If ibkr come to Malaysia officially, does it mean we have to pay stamp duty to Malaysian government next time for US stock next time ? |
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adam1190
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Sep 2 2024, 06:11 PM
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QUOTE(Medufsaid @ May 17 2024, 10:45 PM) hedfi IBKR users have 1 FOC withdrawal each month, so this Wise trx should be free. Moomoo SG can link to Wise (hopefully deposit is free) do note that there seems to be no way to withdraw from Moomoo SG out to Wise for now. And USD convert to SGD in moomoo has a fee of 0.3-0.4%. No ibkr USD2 per $100k conversion miracle Sorry is me again, may I know besides the USD 2 charges imposed by IBKR, does IBKR charge any other additional fees when we convert USD TO SGD which moomoo imposed (0.3 -0.4% you mentioned above)? |
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adam1190
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Sep 16 2024, 12:38 AM
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QUOTE(Ziet Inv @ Sep 5 2024, 01:59 PM) can't tell yet... BUT, if online FPX / DuitNow (MYR) funding is available, then by right it should be cheaper since you cut away 1 middleman, just FPX MYR then convert internally to USD/whatever at the USD2/conversion cost Currently we have this option of adding MYR in ibkr using transfer from wise balance. So it should be cheaper right if we top up MYR in our wise, then transfer MYR from wise to IBKR before converting MYR to USD internally in IBKR compared to the option of converting MYR to USD in WISE and transfer this USD to IBKR? |
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